Shares of Mercury Systems Inc. (NASDAQ: MRCY) surged over 5% in after-hours trading on Monday after the company reported better-than-expected results for its fiscal first quarter of 2025.
The aerospace and defense technology company reported revenue of $204.4 million for the quarter ended September 27, 2024, up 12.9% year-over-year. This exceeded analysts' consensus estimate of $181.8 million. Adjusted earnings per share came in at $0.04, beating the expected loss of $0.08 per share.
Mercury's strong performance was driven by robust bookings of $247.7 million in the quarter, resulting in a book-to-bill ratio of 1.21. The company's backlog reached a record $1.3 billion, up 16% compared to the prior year period. Adjusted EBITDA for the quarter was $21.5 million, significantly higher than the $2.0 million reported a year ago.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.